Which of the following is a defining feature of a multinational firm?
a. It exports goods and services to foreign nations.
b. It develops joint ventures with foreign firms.
c. It owns and operates production facilities in more than one country.
d. It employs agents in various countries to sell their products abroad.
e. It holds patents on its products and services.
c
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Two companies, Dirty Inc. and Filthy Inc., each of which has access to 5 different production processes, each of which has a different cost and produces a different amount of pollution. The daily costs of the processes and the number of tons of smoke emitted are shown in the table below.Process(smoke/day) A(4 tons/day) B(3 tons/day) C(2 tons/day) D(1 ton/day) E(0 tons/day) Cost to Dirty Inc. ($/day) $110$200$380$740$1,460 Cost to Filthy Inc. ($/day) $400$430$490$580 $700Suppose pollution is initially unregulated. If the City Council imposes a tax of $91 per day on each ton of smoke emitted, then total emissions will fall to ________ tons of smoke per day.
A. 1 B. 4 C. 2 D. 8
According to Tobin’s q theory of investment,
a) when the stock market undervalues a company, the company should invest in capital expansion b) when a firm’s bond prices rise, the firm should sell off existing assets c) borrowing funds by issuing bonds is always a less expensive way than issuing stock to raise funds for investment d) a firm should buy capital when its stock market valuation exceeds the replacement cost of capital e) firms should invest at a constant rate each month, a practice known as dollar-cost averaging